Mostly Manhattan
Here are NYC’s top 10 commercial deals recorded in January 2016, a list dominated by both office and retail buildings in Manhattan: #10 329-331 Canal St., Manhattan Sale price: $24,000,000 Buyer: 6 Greene Realty Owner, LLC Seller: 6 Greene Street Associates, LLC This loft building located in SoHo’s Cast Iron Historic District offers 13,500 office square footage. It was acquired by 6 Greene Street Associates LLC in 1995 for an undisclosed price. #9 522-524 Fulton St. & 526-528 Fulton St., Brooklyn Sale price: $30,000,000 Buyer: CA 522 Fulton LLC, c/o Crown Acquisitions Inc. Seller: Bldg 522 Fulton LLC…
Airbnb—If You Can’t Beat ‘Em, Join ‘Em?
By Stuart Eisenberg, Partner, BDO USA: With Airbnb’s success showing no signs of slowing down, should REITs and other landlords embrace the house-sharing model?
Apartment Rents Jump in January
Yardi Matrix’s Monthly report reveals steady growth in rents for the multifamily sector.
Not So New
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Solid State
Employed and unemployed persons by occupation; not seasonally adjusted, numbers in thousands
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